The listed group said it wants to 'accelerate its growth strategy and boost profitability'

The owner of Hotter Shoes has asked investors to help it raise more than £4m.

Unbound Group is seeking to raise £3.3m through placing new shares on the London Stock Exchange's AIM and a further £1m via an open office.

In a statement, the group said it was making the move to "accelerate its growth strategy and boost profitability".

READ MORE: JD Sports confident of achieving record profits

It added that it wants to fund investment to:

Hotter Shoes was founded in 1959 in Skelmersdale, Lancashire.

In the 12 months to the end of January 2022, its revenue totalled £51.8m and its pre-tax profits were £300,000.

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